BTC poised for December recovery on ‘macro tailwinds,' Fed rate cut: Coinbase

Coinbase Institutional anticipates a Bitcoin recovery in December, citing improving global M2 liquidity and a 92% probability of a Federal Reserve interest rate cut as key macroeconomic tailwinds. Despite these positive indicators, market sentiment remains dominated by fear, with institutional and retail capital hesitant to enter before ETF inflows stabilize. Analysts suggest that while a Fed rate cut on December 10th, coupled with the end of quantitative tightening (QT), could ignite a 'Santa rally' for Bitcoin, investors will intensely scrutinize Federal Reserve Chair Jerome Powell's remarks for signals on 2026 monetary policy, as any hawkishness could cap the rally. Further optimism stems from technical retests near the $80k region and speculation that a potential appointment of Kevin Hassett as the next Fed Chair could lead to a more dovish policy.

(Source：Cointelegraph)